Thread replies: 7
Thread images: 1
Thread images: 1
Anonymous
financial independance 2016-12-28 09:38:33 Post No. 1693372
[Report] Image search: [Google]
financial independance 2016-12-28 09:38:33 Post No. 1693372
[Report] Image search: [Google]
File: mohammedalimoney.jpg (97KB, 750x932px) Image search:
[Google]
97KB, 750x932px
want to reach financial independence in about 10 years.
current net worth around 130K
~120K invested in shares (mainly US/european dividend shares)
~10K cash
savings from job around 2-2,5K€ / month after spendings (living and working in Germany)
what do you recommend to reach my target within the next 10 years?
>>
Increase your income
>>
>>1693372
If you are lazy (like me) invest in the real estate market or buy something.
If not, invest in a company if you feel you can do something with your time.
>>
>>1693372
What's your income like? How many hours of week do you work and do you have any family/other major expenses?
Odds are you can probably spend less and save more to reach FI faster.
>>
Increase savings to over 50% of post tax earnings. Use firecalc to determine when savings will satisfy your desired lifestyle.
>>
Unless you've managed to save 130K in the past 1 year, you can't make it at the current rate.
I'm assuming you're not 50 years old, so financial independence in 10 years is basically an early retirement and you'll probably want to live with financial independence for another 50 years. You will need at least 2 million.
>>
Since you're an eurofag, what do you use to buy stocks? We don't have the US cool/easy apps and must pay 2412441 $$$ in fees. How do you do it?
Thread posts: 7
Thread images: 1
Thread images: 1